Comment Re:Placing all your eggs in one basket (Score 1) 62
The government confiscating all your cash in a time of financial turmoil however... that's pretty much guaranteed to happen.
If they had wanted to be truly innovative... the card would not be a Mastercard, but a Bitcoin hardware wallet, where the user would have to program it with their Public/Private key pair, and each citizen would be given at least three... one pair of e-cards primary/backup, and a paper document that could be used to prove ID in order to replace documents in case the other two were lost, so they could carry the first, lockup the second someplace safe, and put the third in a safety deposit vault.